Music is something that everyone enjoys. Music has become an integral aspect of human life, regardless of genre. Music is not just simple entertainment, but it is a large industry and Blockchain is adapting with the token for it.
As the music industry grows rapidly, individuals and companies are coming up with innovative ways to use blockchain technology. BeatBind is the result of such an innovative idea. This article covers a BeatBind review and discusses the BeatBInd utility token, a new innovative crypto project targeting the music industry. The BeatBind utility token will allow music lovers to book tickets using cryptocurrency.
A Brief Overview Of Beatbind And The Token – BBND
The worldwide music industry is estimated to be worth $53.77 billion and is continuously growing every year. This all comes from the sale of tickets, albums, digital downloads, and so forth. The music industry has a lot of promise and will keep growing in the future.
BeatBind is a music event organizer using blockchain technology for the first time in the music industry. It is a blockchain event organisation and talent auction platform. Through it, performers, venues, event organizers, and fans combine forces to create the most unforgettable music experiences on Earth. BeatBind aims to be the long-awaited platform for organizing music events using the BBND utility token. BBND is BeatBind’s utility token, serving as the global currency for all transactions.
What Problems Beatbind Token Solves
The music event sector is trailing far behind other industries in adopting open digital solutions. Scams and fraud in the ticketing industry undermine the value of many event organizers. Moreover, there is no data gathering in the event business, which causes revenue forecasts to be inaccurate. The situation is equally hazardous for performers, venues, and fans.
BeatBind hopes to handle each of these issues through the development of its platform and the wider ecosystem. The main aim is to make it as easy as possible for all participants in the event organisation ecosystem to connect and engage. It will take advantage of the huge demand for the best artists, organizers, and venues by leveraging multiple auction models. These auctions result in drastically enhancing the artist gig fees.
BeatBind will provide a better opportunity for emerging artists, both locally and globally. Additionally, fans will be able to buy tickets directly from event organizers via BeatBind. It results in reducing fraud, forgeries, and ticket scalping. This new, free market will include the establishment of all kinds of events, from concerts to exclusive private parties. As the platform grows, the barriers to admission for all parties will be dramatically reduced. Finally, as the official token, BBND will capture a significant portion of the new value created on BeatBind for the first time in the world.
BeatBind is establishing a multi-stage business model, with each level serving as a foundation for and accretive to the next platform level. This is done to address each of the industry’s four major concerns by establishing the following solutions.
BeatBidder is a platform that connects venues, DJs, artists, and all other parties engaged in the music event. This event planning helps to deliver a valuable experience for everyone. BeatBind uses auction methods to raise revenue for the most in-demand DJs and venues. Moreover, it removes barriers to entry and minimises expenses in the industry due to the sheer size of the market.
BeatBind events organised through BeatBuy will include ticketing as a standard feature. BeatBind fans will be able to get tickets directly from the band, lowering the entry barrier. Apart from removing those obstacles, BeatBuy also does away with the unnecessarily high fees charged to event participants.
The BeatX app allows fans the power to shape the event they’re attending. This also shapes event-related experiences like social networking and in-person interactions. Fans will have access to newsfeeds and will be able to participate in various ways to assist the organizers in better shaping the event. BeatBind uses a strict escrow procedure for refunding money in the event of failed transactions. Furthermore, it also resolves disputes between venues, artists, and event organizers to protect everyone and ensure integrity.
Machine learning is used by BeatBind’s AI technology to provide revenue estimates. These estimates will be helpful for venues when justifying decisions throughout the planning process. It provides income estimates and other data. That helps all users decide who to recruit and where to perform, and other matters that will reduce risk and lead to even more growth.
What Is BeatBidder?
The BeatBidder platform connects venues, DJs, musicians, and any other parties in the process of organizing a music event. Through BeatBidder, venues can access an international pool of musicians, thus filling their entire calendar with rewarding events. Furthermore, BeatBind will allow venues to bid on well-known DJs and increase their fees as the demand grows for them. It is also benefiting venues that would not otherwise be able to reach them.
If you are an event manager or you want to host an evening performance at your place, the BeatBidder search can help you to find a local artist available on your date. The first result of the search list will show you some prominent performers according to your needs. You will be able to check the DJ’s experience, talent, and popularity through their track record. Also, BeatBind helps venues with revenue estimates for their chosen artist while at the same time allowing organizers of the event to use a crowdfunding feature to offset the cost of the event.
How BeatBuy Offers A Smart Ticketing Solution And Token
BeatBuy is one of the amazing features of BeatBind that offers a smart solution to the true fan base. Fans will get direct access to every BeatBind event through BeatBuy without any entry hurdle. This eliminates ticket fraud and the emergence of secondary markets. BeatBuy will remove these roadblocks, putting money back into the hands of musicians, organizers, and all other businesses engaged in producing a music event.
Additionally, if you want to return tickets due to any issue, BeatBuy offers users an option to return tickets and get refunded. Also, if you are a true fan of any performer and want to pre-purchase the tickets, you can do it as well. BeatBuy offers you the option to pre-purchase tickets for any event organized on the BeatBind multi-layered platform.
Benefits Of Using BeatX
BeatBind created this application specifically for fans. The app includes event-specific features such as newsfeeds, reviews, dating and connecting, and direct ticketing. It allows BeatBind fans exclusive rights to vote on a concert music programme. Besides the pre-concert selection vote, the fans can also vote to reduce the compensation of artists who perform poorly.
Almost every regular concertgoer has experienced a frustrating moment – one in which an alcoholic singer muttered a few lyrics before stabbing his followers and abusing them – but not BeatBind fans. Unlike other platforms, BeatBind hears your dissatisfaction in cases like this. You can show your dissatisfaction through the voting process. As a result, the fans will be partially compensated if they did not live up to the crowd’s expectations.
If you want that DJ to play your favorite song or any song you want to play for someone, you can bid for that song. These platforms allow their fans to bid for their song. Eventually, the song that wins the contest will be played by the DJ. In short, you will get a completely different experience due to the BeatX fan based app that would allow you to experience music like never before.
What Makes Beatbind Promising?
Perhaps you’ve been to a music event where your favourite musician performs. Thousands of people are expected to attend this event to witness their favorite artist perform. It is normal to see this occurrence for music organizers as well. Organizing music events is stressful because it is hard to coordinate musicians, advertise music events, sell tickets, etc. Having a small network makes it difficult for music promoters to receive aid. This is a prevalent issue when it comes to planning music concerts.
BeatBind is a platform designed to help people organise music events. Musicians, venues, event organizers, and fans can all connect and support one another using BeatBind. There are no issues with quality performers, a lack of connections, or agencies. It is because venues and organizers can bid on artists, and similarly, artists can bid on event organizers. The venue owners may outsource event organisations to managers using the BeatBind multi-layered platform. All parties involved in the music events sector will benefit in this way.
BeatBind isn’t just for event planners and musicians; it’s also for you, the enthusiast. BeatBind allows users to connect with other BeatBind users via the BeatBind application. Fans may buy tickets or raise funds for BeatBind Events using this app. This allows fans to engage with one another while also reducing fraud, forgeries, and ticket scalping.
BeatBind’s ultimate goal is to become a universal token for the music business. BeatBind supports the use of its new crypto token for music genres. Additionally, BeatBind is an innovative crypto project since it offers a trusted, low-cost alternative to traditional payment methods. The BeatBind token (BBND) is a utility token that serves as the medium of exchange for all BeatBind platform transactions. It will also strive to unify all payment systems in music events. So, there will be no more physical chips, cards, or dozens of different currencies for events. BeatBind aims to collaborate and partner with the music industry to make the BeatBind utility token a universal and natural payment solution.
BeatBind’s technology combines cutting-edge components with battle-tested technologies to enhance performance and increase flexibility. BBND tokens are based on the ERC20 standard and are managed on the Ethereum blockchain. BeatBind also uses smart contracts and guarantees its security by using the Ethereum blockchain.
Such revolutionary features of BeatBind make it promising. It will change the look and feel of the music industry, enabling people to experience live music like never before.
Globally, there are an estimated 375 million active music fans, contributing to a music market that is worth $53.77 billion. The data shows that the global music industry has a lot of potential and will continue to grow in the future. Organizing concerts, however, is typically difficult, despite the tremendous market potential. Many organisations have to deal with problems such as lack of quality artists, poor connectivity, and delayed third parties. An event involving music is slowed down because of this issue.
With BeatBind, concerts, parties, and festivals will be transformed into new experiences. The barriers to admission will be significantly lowered as the platform grows. BeatBind promises to increase artist booking rates by using multiple auction formats. BeatBind also harnesses the tremendous demand for top performers, event organizers, and venues. BeatBind offers emerging artists greater opportunities, both locally and abroad. Furthermore, fans will be able to purchase tickets directly from event organizers via BeatBind, which will reduce fraud, forgeries, and ticket scalping.
For more information, we invite you to visit www.beatbind.io or go to www.stex.com to learn more about BeatBind (BBND).
Hopefully, you have enjoyed today’s article. Thanks for reading! Have a fantastic day! Live from the Platinum Crypto Trading Floor.
TOP 10 UK CRYPTOCURRENCY BLOGS, WEBSITES & INFLUENCERS IN 2021
Earnings Disclaimer: The information you’ll find in this article is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgement and perform due diligence before using the information in this article. Your success is still up to you. Nothing in this article is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. If you break the city or other local laws, we will not be held liable for any damages you incur.